Reported 22 days ago
September frozen concentrated orange juice (FCOJ) futures are showing potential for price increases after rebounding from significant support levels around $2.00, fueled by a global orange shortage due to disease and adverse weather conditions. With three consecutive sessions of price gains, it is believed that a near-term price bottom has formed, suggesting sideways to upward price trends ahead. A break above $2.50 could enhance bullish momentum, while technical support is indicated at $2.15.
Source: YAHOO